CL Crude Oil Futures Weekly Chart Analysis: 2026-Jul-02 07:02 CT

Price Action

• Last: 67.31,
• Bars: Large,
• Mom: fast.

WSFG Weekly

• Short-Term
• WSFG Current: -35%
• F0%/NTZ' Bias: Price Below,
• WSFG Trend: Down.

MSFG Month Jul

• Intermediate-Term
• MSFG Current: -8%
• F0%/NTZ' Bias: Price Below,
• MSFG Trend: Down.

YSFG Year 2026

• Long-Term
• YSFG Current: 60%
• F0%/NTZ' Bias: Price Above,
• YSFG Trend: Up.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: DTrend,
• 3. Pvt. Evolve: Pvt Low 67.31,
• 4. Pvt. Next: Pvt High 95.51,
• 5. Levels R: 105.90,
• 6. Levels S: 67.31, 45.29, 40.54, 39.70, 37.91.

Weekly Benchmarks

• (Short-Term) 5 Day: 81.10 Down Trend,
• (Short-Term) 10 Day: 87.82 Down Trend,
• (Intermediate-Term) 20 Day: 83.40 Down Trend,
• (Intermediate-Term) 55 Day: 68.43 Up Trend,
• (Long-Term) 100 Day: 58.36 Up Trend,
• (Long-Term) 200 Day: 56.38 Up Trend.

Recent Trade Signals

• 01 Jul 2026: Short CL 08-26 @ 69.36 Signals.USAR-WSFG
• 26 Jun 2026: Short CL 08-26 @ 69.4 Signals.USAR.TR120

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bearish,
• Long-Term: Bullish.

Key Insights Summary

Crude oil is showing a sharp weekly downdraft from the recent spike highs, with the last price back near the 67.31 pivot low and the short-term swing structure firmly in DTrend. Weekly and monthly session fib grids both sit below F0%, reinforcing a below-balance posture on the tactical and intermediate views. The larger trend remains constructive because the yearly session fib grid is still above F0% and the 55-, 100-, and 200-day benchmarks remain upward sloped, but the current price action is a fast, large-bar retracement that has broken back under the shorter moving average stack. Pivot resistance is overhead at 105.90, while support is layered down through 45.29, 40.54, 39.70, and 37.91, reflecting a market that has completed a major expansion phase and is now in a corrective pullback after a high-volatility surge.